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BRANCH ACCOUNTS

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Going...to be C.A soon...
1624 Points Joined June 2007

hi all,

plz anybody tell me how to show the following entries in H.O books and also in Branch books assuming that branch has no seperate accounts. and all the expenses incurred by H.O on behalf of branch.

1) if H.o purchased assets for branch.

2) if H.o pays exp. for branch.

then how to show entries in h.o and branch books.

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On 18 September 2007 at 10:24 Report
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student
145 Points Joined September 2007
hi gaurav, the entries will be the folllowing In the Books of H.O 1) Branch a/c Dr To Cash a/c. 2) Branch a/c Dr To Cash a/c. In the books of B.O 1) Asset a/c Dr To H.O a/c 2) Expenses a/c dr To H.O a/c Thanx, Saran Kumar.U
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On 18 September 2007 at 10:52
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Guest
458330 Points Joined August 2012
thanks alot m. saran for ur suggestion . my idea is right but i want to confirm that. thanks again
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On 18 September 2007 at 12:11
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Guest
458330 Points Joined August 2012
entries in h.o. books for exp. branch dr. to cash/bank a/c for purchase of fixed assets branch dr to cash a/c to branch a/c
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On 18 September 2007 at 14:12
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chartered accountant
129 Points Joined August 2007
mr sarein entries are perfect
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On 18 September 2007 at 16:57
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Guest
458330 Points Joined August 2012
You are wonderfull mr. Saran Kumar
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On 21 September 2007 at 10:32
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student
145 Points Joined September 2007
thanx for ur compliment kiran Regards, saran kumar
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On 21 September 2007 at 13:46
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SHOP
33 Points Joined September 2007
BRANCH A/C DR TO CASH
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On 26 September 2007 at 16:23
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article
21 Points Joined July 2012
..thnx alot sir i ws my doubt too
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On 23 July 2012 at 19:46

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